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20130101
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English 27
Search Results 0 to 26 of about 27 (some duplicates have been removed)
leader mitch mcconnel are working on a deal. he meet with them along with house speaker john boehner and house democratic leader nancy pelosi.at the white house for about an hour today. he said the meeting was good and constructive. but expressed his frustration for the american people with waiting until stories... >> america wonders why you cannot get things done in this town in an organized timetable. why does everything have to wait until the last minute? now, we are at the last minute. the american people are not going to have many patients for a self-inflicted wound to our economy. >> reporter: coming up at 5:30 we'll have more from the president. and our political analyst michael yaki will give us his take on today's developments. >> catherine: there's rain on the way this holiday weekend. this is a live look from our camera on mount tam. and a look at downtown san francisco. i'm here in the weather center with jacqueline bennet -- where is the wet weather? >> jacqueline: we are still getting some return on the radar but it is still too dry for the rain to hit the ground. it wi
to be a long term solution. >> senate republican leader mitch mcconnel left smiling. >> make any progress today sir? >> he and harry reid are worked on a scaled down agreement that focuses on avoiding a middle class tax hike. the plan is to prevent it to the full senate for a vote sunday and then send it over to the house. house speaker john boehner was at the capitol but left with no comment. both sides remain at odds over the democrats incest ent of the higher tax rates. >> it would only funneled the government -- fund the government for 3 days. sdwlsz -- >> president omaba insists his plan on the table is fair. >> we just can't afford a self-inflicted wound to our economy. >> if sunday's negotiations don't pan out the president says he's ready to propose his own scaled back bill that would block increases for all by the wealthy and preserve expiring unemployment benefits. >> with the deficit ticking higher patience is wearing thin. >> for those of us who invest in the stock market it's disgusting to watch them play around with our money. >> missing in all the last minute negotiations is talk
with their jobs. >> mitch mcconnell was are riding on capitol hill just hours before meeting with obama. >> we are going to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> politicians on both sides have the responsibility but the president's tax hike will not do much to address the debt. >> the top 25 of american will not even pay one-third of the annual interest that is owed for this 16 trillion dollar debt. >> washington will return before the end of the year but they are likely to be burning the midnight oil. >>> we'll take a quick break on kron 4 news weekend. but first, let's take a live look outside at san francisco from our roof cam here on van ness avenue. let's take a quick look outside this morning at san francisco. outside this morning at san francisco. oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter! actually, i just pre
the senate's democratic majority leader harry reid and republican minority leader mitch mcconnell offered their takes on the meeting. >> we had a good meeting down at the white house. we are engaged in discussions, the majority leader, myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. and so we'll be working hard to try to see if we can get there in the next 24 hours. and so i'm hopeful and optimistic. >> whatever we come up with is going to be imperfect. some people aren't going to like it. some people will like it less. but that's where we are. and i feel confident that we have an obligation to do the best we can and that was made very clear. >> brown: house speaker john boehner aides said if the senate passes a bill the house will take it up and either accept or amend it and a short time ago president obama appeared in the white house briefing room with a statement. here is some of what he said. >> we had a constructive meeting today. senator
to washington have to do their jobs. >> ama: top senate republican mitch mcconnell arrived on capitol hill. >> we work hard to see if we can get there in the next 24. i'm hopeful and optimistic. >> ama: senate leaders hope to have a bill to vote on by sunday. the house returns to washington sunday evening and could vote on the senate version. >> ahead, demands for justice in india. a woman dies of a brutal attack there. how the nation is standing up in support of her. >>> also, a lawyer says he is going to sue for millions in the connecticut school tragedy. why he claims he is taking legal action. >>> we did have some sunshine today, and but chilly temperatures, sunshine, and rain >> ama: six men in india could face the death penalty if convict of murder charges filed in a rape case that sparked international outrage. six men being charged hours after the woman died. she was gang-rain raped and beaten on a bus in new new dehli fearly two weeks ago. the case has created protests for greater protection for women >> supposed to go out at night. >> ama: some women say it's not uncommon to hear
leaders, harry reid and mitch mcconnell are working on a stop-gap bill. >> at some point it appears there are things that stop us from moving forward. i hope we're not there, but we're getting real close. >> i want everyone to know i'm willing to get this done but i need a dance partner. >> the legislation would prevent tax increase for roughly 98% of american workers, extend unemployment benefits set to expire for some two million people, and prevent a huge cut in payments to medicare doctors. >> we should go ahead and introduce legs that would make sure middle class taxes stay where they are and should be an up or down vote. >> a deal won't necessarily pass congress by monday night. if it doesn't, virtually everybody's income taxes will go up. the average family would pay an extra $3,462 in 2014. and farm programs would expire, potentially doubling the price of milk, and if congress doesn't pass new bill? >> we'll come back with a new congress on january 4th and the first bill on the floor will be to cut taxes on middle class families. >> the bargaining continues tonight. >> the f
midnight hour when budget cuts swoop down from the fiscal cliff. harry reid and mitch mcconnell are working on a stopgap bill. >> at some point the negotiating process it appears there are things that have stopped us in moving forward. i hope we're not there but we're getting real close. >> i want everyone to know i am willing to get this know, but i need a dance partner. >> the legislation would prevent a tax increase for 98% of american workers, extend unemployment benefits and prevent a huge cut in payments to medicaid doctors. >> we should introduce legislation to make sure that middle-class taxes stay where they are. >> even if they reach a deal it won't pass congress by monday night. if it doesn't everybody's income taxes will go up. the average family would pay $3,324 would. if congress doesn't passion a new bill? >> we'll come back with a new congress in january 4th and first bill will be introduced on the floor will be to cut taxes on middle-class families. >> the bargaining continues tonight. >> ama: in two dates, new laws to take effect in california. plus, we'll break down the i
's not yet complete. vice president joe biden took over negotiations with mitch mcconnell yesterday after talks stalled between senate leaders. now, mcconnell said just minutes ago he wants to move forward on the tax offer and the latest democratic offer is to raise taxes on households making more than $450,000 a year. but there's still disagreements about spending cuts. >> that has been a good faith negotiation. we all want to protect tax payers. and can get it done now. >> we have to do this in a balanced and responsible way and if we're gonna be serious about deficit and debt reduction, there will have to have be some sacrifices. >> reporter: -- there have have to be some sacrifices. >> reporter: again, no votes have been scheduled at this point. kyla campbell, ktvu channel 2 news. >> thank you. >>> with all of the focus on the fiscal cliff, a new bill to prevent the so-called dairy cliff is also in play today. the house is expected to vote on a one-year extension of the expiring u.s. farm bill. leaders from the house and senate agricultural committees have already agreed to the bill.
. >> reporter: senate republican leader mitch mcconnell left the capitol tight lipped and smiling after working behind closed doors to avoid the so- called fiscal cliff. >> need progress today, sir? >> reporter: he and harry reid are working on scaled-down agreement that focuses on avoiding a middle-class tax hike. the plan is to present it to the full senate for a vote on sunday and send it to the house and hoax john boehner was at the capitol and left with no comment. both sides remain at odds over the democrat's insistence that the wealthy pay more in taxes. >> the president's tax hook would only fund the government for eight days. americans deserve to know what is the president -- what does the president propose we do for the other 357 days of the year. >> reporter: president obama insists his plan on the table is fair and includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president said he's ready to propose his own scaled-back bill that would block tax increases
pelosi, john boehner, mitch mcconnell and harry reid to the white house this afternoon for a "fiscal cliff" summit. >> here we are five days from the new year, and we might finally start talking. >> reporter: today's white house meeting might be the last chance to come to an agreement. that's because it takes time for a bill to work its way through both chambers of congress. >> i don't know time-wise how it can happen now. >> reporter: under senate rules the only way a bill could make its way through the procedure hurdles in time is if every senator agrees not to slow the progress. the house will be back here sunday night giving them just more than 24 hours to vote on any bill the senate works out. outside the beltway, carlino will be watching. >> everybody's kind of in a wait-and-see and fingers crossed perspective right now. >> reporter: since 1930, this is only the fifth time congress has worked after christmas. tara mergener for cbs news, washington. >>> today's meeting will be the first time president obama and all four leaders of the house and senate have met in person since no
's in the hands of the two senate leaders pgz democrat harry reid and republican mitch mcconnell. they're working on a minideal that would preinvestigate a tax increase for roughly 98 of american workers, and extend unemployment benefits set to expire for two million people, and cut payments in medicare doctors. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> the 11th hour evident comes after the president met with the congressional leadership at the white house. his first such meeting in six weeks. even if mcconnell and reid come to agreement, there's no guarantee it will pass before the end of the year. the agreement represents what the president called the bare minimum. extending tax cuts, while doing nothing to curb spend organize address the long-term deficit crisis. if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks star
mitch mcconnell were in the capital building today hoping to beat the deadline to the luge "fiscal cliff." >> got to get a deal? >> hope so. >> reporter: behind closed doors, senate leaders are cobbling together a pared down agreement that at least protects the middle class from tax increases january 1. it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even
minority leader mitch mcconnell. top level sources say the two are taking over talks. if nothing is resolved by midnight, tax rates for all americans will increase and democrats say it means about $2,000 for the average middle class family. >> one mom said to me in michigan, that's four months groceries. that's commuting back and forth to work and gas for up to three years. i mean, that's a lot of money. >> reporter: democrats want higher taxes on families earning $250,000 a year and over. republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise but others want to government -- others want to see government spending put in check. >> the president is doing nothing about the addiction that his administration, he is the spender in chief. >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so we would have $2 cuts for every $1 of increased revenue. >> senate is in recess. >> reporter: the senate reconvenes at 11 a.m. so as americans celebrate the beginning of 2013
: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income threshold. they want to keep the estate tax from going up. there's still no agreement on what to do about those automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and mitch mcconnell had several conversations deep into the night. and will continue those conversations this morning. the conver
in time. and senator mitch mcconnell i will urge senator reid to to bring a floor to a package for a vote one that will protect the middle class. >> following this high- stakes meeting they appear poised to work towards a solution. >> we are going to work hard to see if we can get there in the next 24 hours. i am hopeful and optimistic. >> i am hopeful that pitch mcconnell can do the same but everybody, what ever we come up with. some people are not going to like it. some people will like it even less but that is where we are. >> they wanted to negotiate with house speaker jon peters said that he is not going to bring anything to a vote until it has passed the senate. nearly every american will see a tax increase. and unemployment benefits will expire for millions. >> ordinary people do their jobs and meet deadlines. they sit down and they discuss things and things happen. if there are disagreements there will sort through the disagreements. the notion that our elected leadership cannot do the same thing is mind-boggling. it needs to stop! >> we'll be right back here on the kron four morn
,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. kyla campbell, ktvu channel 2 news. >>> 7:16. even if congress avoids the flip, your paycheck will still be smaller in 2013. that's because a temperature reduction in the social security payroll tax expires today. starting in january, workers will, once again, have 6.2% of their wages withheld to pay for social security. that's up from the 4.2% rate that's been in effect for the past two years. people making $50,000 will get about $83 a month less in their paychecks. >>> 7:16. a new report from the u.s. senate on the attack on the
announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible sticking point. the sticking point appears to be a willingness or interest or want to close the deal. >> drastic spending cuts will go into affect and taxes go up for everyone. the tax impact for the average american family is more than $3400. senate leaders continue to work on the stop gap bill. the sticking points remain. >> there is still significant distance between the two sides. negotiations continue. >> negotiations will continue through the night. now with just hours to go until the deadline. abc news, washington. >>> as the government teeters on the edge of the fiscal cliff, you might want to change your tax strategy. coming up at 11:35, advice from 7 on your side's michael finney. >>> the leaders in the house and the senate did agree on something today. they extended the 2008 farm bill for one more year. that bill expired
at the $550,000 mark. senate republican leader mitch mcconnell started negotiating with vice president joe biden yesterday. the two worked together in in the senate for more than 20 years. if they can come up with terms that pass the senate house speaker john boehner says they will take up the bill and either pass it or amend it and send it back for approval. >> any time you are putting a deal together, it's always the details that will kill you. you have to get the details done. there is a lot of back room operation going on right now. making sure all the i's get dotted and t's get crossed. >> congress has less than 15 hours to come up with a compromise and sweet on it. live in washington kyla campbell. >>> meantime with all the focus on that fiscal cliff there is a new bill to preconvenient the so-called dairy cliff on the back burner. leaders in the house and senate agricultural committees agreed to a one-year extension of the expiring u.s. farm bill. so far no house vote is scheduled. without matting that bill, the price of milk could double next month. estimates are ha gallon of milk
partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch mcconnell. top level sources say the two are taking over talks. if nothing is resolved by midnight tonight, tax rakes for all americans will increase. democrats say it means about $2,000 for the average middle class family. >> one mom said to me in michigan, that's four months groceries. that's commuting back and forth to work in gas for up to three years. i mean, that's a lot of money. >> reporter: democrats want higher taxes on families earning $250,000 a year and over. republicans want tax rates to stay where they are. taxes seem to be the biggest obstacle to a compromise but others want to see government spending put in check. >> the president is doing nothing about the addiction of his administration that he has to spending. he's the "spender-in-chief." >> reporter: president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate is in recess.
morning. >>> reporter: vice president joe biden is in on the negotiations. mitch mcconnell asked him to help out after talks stalled. with hours to go it's hard to tell if lawmakers will be able to agree to a watered down deal. lawmakers left the capital sunday night without a deal in place. but leaders from both parties expressed their willingness to continue working. >> there's still significant difference between the two sides but negotiations continue. >> he want everyone to know i'm willing to get it done but i need a dance partner. >> reporter: some progress was made sunday when republicans dropped a proposal to slow social security growth but the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000. while many congressional republicans have pushed back against any tax increases. president obama is placing the blame for the impasse on the gop. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way but the way th
Search Results 0 to 26 of about 27 (some duplicates have been removed)